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Bitcoin Mining Energy Efficiency Keeps Improving Despite Environmental FUD

The environmental, social, and governance (ESG) properties of Bitcoin mining continue to get better, according to recent findings.

According to climate technology venture capitalist David Batten, the energy efficiency of Bitcoin mining is improving.

The environmentalist recently teamed up with on-chain analyst Willy Woo to produce four dynamic Bitcoin ESG charts to support the findings.

The first one was Bitcoin mining sustainability which has been steadily improving for the past two years. Furthermore, the pair revealed that BTC mining now uses 52.6% sustainable or renewable energy.

The second chart showed that since China banned Bitcoin mining, the rising emissions trend has now reversed.

Furthermore, the researchers noted that emissions per dollar of market capitalization are decreasing. Unlike the current global financial system, where GDP growth is tethered to rising emissions, Bitcoin’s market cap can grow while emissions do not.

Finally, Bitcoin mining is becoming more energy efficient. The chart shows that BTC mining now produces fewer energy emissions when compared to its energy consumption.

(By Martin Young)

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